BlackRock attracted $46 billion in fund inflows during the second quarter, propelling its assets under management to an unprecedented $12.5 trillion. Clients demonstrated remarkable resilience amid market volatility sparked by former U.S. President Trump's tariff policies.

The New York-based investment giant disclosed Tuesday that exchange-traded funds (ETFs) drew $85 billion while equity products pulled in $29 billion. However, net long-term inflows fell below Bloomberg-surveyed analysts' $61 billion projection after a single institutional client redeemed $52 billion from a low-fee index product.

CEO Larry Fink emphasized in the statement, "Our expanding client relationships are driving higher, more diversified organic base fee growth." Overall net inflows reached $68 billion across BlackRock's fund ecosystem, with cash management and money market funds absorbing $22 billion and digital asset ETFs attracting $14 billion.

Global markets plunged and bond markets convulsed when Trump unexpectedly imposed aggressive tariffs early in Q2. Investor anxiety gradually subsided after tariff suspensions for multiple trading partners were announced approximately one week later. The S&P 500 and global indices subsequently rebounded as capital returned to equities and fixed income.

Despite the recovery, the quarter's turbulence left its mark. Retail client net long-term inflows dwindled to $2 billion - the lowest since Q4 2023 when these investors withdrew funds - underscoring varied reactions to market stresses among investor segments.